Agreed Cspro. It's a little too weird for me to volunteer to be tracked.
EDIT: Just signed in under an obscure name to check it out. The app asks for two permissions: 1) Permission to use M7 motion data; and 2) Permission to use your location information. I allowed the first but not the second and the app still works great. It just doesn't use the screen that maps your locations, which was the point! I gotta say, it's fun to see my movement add up. I must have a thick ego...

Considering the recent rumors about Apple hiring RF people with speed, my guess is the A8 has Wi-Fi, Bluetooth, GPS, And TouchID all on one chip, and it's the basis for their first wearable, debuting ASAP, hopefully fall '14.
Also I still think the new AppleTV debuts next June with its own App Store and is a key track for the debeloper's Conference.

It's seeming less and less likely to me that Apple will make a watch like product. Look at what Nike has already done. Now consider Tim Cook is on the Nike board. Now consider the rumors that the Iwatch trademark may refer to a television product. Now consider what Apple could bring to the watch table that other people are not already doing, or able to do.
I'm thinking the fuel band will be – or is already – the Apple watch. The only thing it's missing is an iPhone SDK...